Tax season deadlines are almost here, and we want to ensure you avoid unnecessary penalties and interest on your federal and state tax returns—including extension payments. Recent changes in the United States Postal Service (USPS) have impacted how timely your…
When it comes to using your vehicle for business purposes, understanding how you can deduct expenses is crucial. The IRS provides two primary methods to choose from: actual costs and the standard mileage rate. Each method comes with its own set of rules…
We are thrilled to announce the newest addition to our team, Leslee Porath, who joins us as an Administrative Assistant. Leslee will be one of the first friendly faces you see when you walk through our front door, ready to…
We are thrilled to welcome back a familiar face to our office. Alicia Garrett, rejoins our BakerStarrett team with 5 years of tax experience. Alicia graduated from UNI with an Accounting & Business Administration degree. She is excited to be…
Request W-9 Forms By having current W-9 forms on file for the businesses and individuals you will be paying, you will be able to quickly identify who you may need to receive a 1099 form. Current W-9 forms will also…
Erica Hulsing is the newest member of our BakerStarrett team. Erica earned her bachelor’s degree from Northwestern College, graduating in May of 2021 with a bachelor’s degree in Accounting and Sport Management. She will spend most of her time assisting…
Be on the lookout for two very important letters coming in January from the IRS. The Third Stimulus Payment (Letter 6475) and Advanced Child Tax Credit payments (Letter 6419). Preparation of your tax return could be delayed without these letters.…
Its July 15th 2021, and if you have kids under 17, the IRS may have sent you the first advance payment of the Child Tax Credit. As a reminder, the advance payment for kids under six is $300 monthly. The…
April 15th was a welcome relief for most tax practitioners, myself included. We are so incredibly lucky and grateful to have such fantastic clients, and a wonderful team at BakerStarrett that made the best of the worst tax season I’ve…
As the new year is upon us it is time to start thinking about taxes. It is time to organize and gather documents as they come in the mail. Gathering information for your tax preparer may seem overwhelming, but staying…